At number 999th in the list of Australian suburbs ordered by increase in median house value over the last year, Lenah Valley, 7008 is in the top 30% with a property value increase of 11.90% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Lenah Valley,7008 has racked up an average of 11.90% over the period. This ranks it number 1458th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Lenah Valley 7008 should be seeing an average reduction in asking price of around -7.22% . This means that Lenah Valley is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.
Situated 4.02km from the CBD, Lenah Valley is one of Hobart localities in the postcode 7008.
Property value increases in Lenah Valley have tracked just higher than the TAS average of 3.78% over the last 12 months.
If we look at median property appreciation over just the last three months, Lenah Valley has given property investors a paper return of 2.50%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Lenah Valley is $307500, with sellers offering an average of -4.87% off the asking price.
At number 46 in a list of fastest selling suburbs, Lenah Valley is in the TOP 10% of suburbs in Australia with an average of days on market 30.66 for properties listed there.
Situated 4.00km from the CBD, Lenah Valley is one of Hobart localities in the postcode 7008.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.